Office Insight

United States | Suburban Maryland

Report | Suburban Maryland Office Insight - Q3 2015

Summary

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Leasing activity in Suburban Maryland in the third quarter was the highest of 2015, with 499,532 square feet of all major leases over 20,000 square feet. MacroGenics signed the top lease of the quarter with 122,600 square feet. The government sector had the highest leasing activity.

On the sales side, Class A assets captured 94.1 percent of the total sales year-to-date, which is a new trend compared to the previous year. Class A assets sold for an average of $251 per square foot. The most expensive sale in Q3 was of 7550 Wisconsin Avenue, which German-based GLL purchased for $629 per square foot.

Learn more about what’s happening—and what we expect to occur in the coming months—in the Suburban Maryland office market.